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Bank of Baku shareholders to hold meeting, May 4

Bank of Baku shareholders to hold meeting, May 4

22 March 2010 14:05 (UTC +04:00)

Baku. Vahab Rzayev â€“ APA-ECONOMICS. The shareholders of Azerbaijan-based Bank of Baku will hold a meeting on May 4, 2010. APA-Economics reports that it will be an extraordinary meeting.

As of January 1, Bank of Bakuâ€™s assets stood at AZN 187.396 million, deposit portfolio at AZN 94.245 million, loan portfolio at AZN 129.246 million, total equity capital at AZN 32.863, authorized capital at AZN 6.8 million.

Revenue reached AZN 38.149 million and expenditures AZN 31.999 million last year. The bankâ€™s profit made up AZN 6.149 million.

One of the first commercial banks in Azerbaijan, Bank of Baku was registered on 14 February, 1994 originally under the name of Tugay Bank. The key founder of BOB was the Turkish company Nab DÄ±ÅŸ Ticaret. As of January 1, the bank operated 15 branches, 26 ATMs and 204 POS terminals.

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